- Bharti Walmart retail JV in India terminatedIn wake of Bharti Walmart split, DIPP says won't relax 30 pct local sourcing norm for retailersBharti, Wal-Mart call off India joint venture, US giant to take 100% in Best Price ModernIndia apart, Walmart found the going tough in several other markets
in India. There are five such megaplexes coming up in India. After Pune will be Mumbai and then NCR, Kochi and Mohali. On an average multiplexes have 4-6 screens in India while Cinepolis has 12 screens on an average per location globally. It has 18-screen to 22-screen multiplexes in Mexico and these are running profitably.
Cinepolis has 300 VIP luxury screens across the world. Apart from recliners, better leg room, there will be a restaurant that will serve food at the seat in ceramic ware and a bar to go with it. Around R40 crore is being invested in the Megaplex in Pune.
Magarpatta City MD Satish Magar, who has partnered with Cinépolis in their Seasons Mall, said they were looking forward to the opening of Cinépolis in the mall. “The construction and the interior set-up of Megaplex is almost complete and we are in the process of applying for the necessary approvals to open the cinema soon,” Magar said.